The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a near 12-week high on Tuesday, helped by higher rates for all vessel segments, especially capesizes. The overall index, which factors in rates for capesize,...

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The war in Ukraine has spurred a flurry of sales and purchases of oil tankers over the past year as some shipping companies press ahead with moving Russian cargoes while others act to avoid any hint of exposure to sanctions, market participants said March 14. Many of...

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Scientists are concerned about a massive iceberg, the size of Greater London, which could potentially collide with shipping, fishing and wildlife. Two icebergs are being monitored by researchers- the A81, the size of Greater London, and the A76a, which is even larger....

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Kazakhstan plans to ship 20,000 tonnes of crude to Germany this month via the Russian Druzhba pipeline and the same volume in April, Kazakh Energy Minister Bolat Akchulakov said on Tuesday. He said the total supply volume, agreed at 300,000 tonnes, could in theory be...

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Bangladesh-based ship recycling company, PHP Ship Recycling, has achieved a significant milestone by purchasing a ship directly from a shipping company for the first time. The ship, called “KAMO,” was sold by NYK, and was beached at the...

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The Mediterranean Shipping Company (MSC) received delivery of the world’s largest containership in terms of carrying capacity. The MSC IRINA, with a capacity of 24,346 TEU, was delivered to the Bank Of Communications Financial Leasing, which will lease...

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